Conservative MP Liam Fox has been knocked out of the contest to become the next director-general of the World Trade Organization.
The ex-cabinet minister was among three candidates who failed to make the final two, as the field narrowed further.
It leaves Nigeria’s Ngozi Okonjo-Iweala and South Korea’s Yoo Myung-hee vying for the top job at the Geneva-based body.
The winner is expected to be announced next month.
It means the body, where 164 member countries aim to set global trading rules, will have its first female leader since it was established in 1995.
The next director-general will replace Brazilian Roberto Azevedo, who stood down a year earlier than expected at the end of August.
Kenya’s candidate Amina Mohamed and Saudi Arabian nominee Mohammad Maziad Al-Tuwaijiri also exited the contest on Thursday after failing to secure enough votes.
The contest comes at a crucial time for the WTO, amid a slump in global trade in the wake of the coronavirus pandemic.
The body has recently seen one of its main functions, arbitrating trade disputes, hobbled by a dispute with the United States.
Confirming his departure from the contest, Mr Fox said he was “naturally disappointed not to be continuing further”.